One Treasure Island

Analysis

One Treasure Island is a registered charity in United States, based in San Francisco, CA. It received its IRS tax-exemption ruling in February 1998, 28 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, One Treasure Island reported income of $3.3m and spending of $3.3m, spending 99% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $2.4m to $3.3m (+38%), an average of +8.4% a year. The sharpest change came in the year to June 2020, when income rose by 60%. Over the whole period it spent 92% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, One Treasure Island sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 90th percentile within CA. Charities of a similar size with the same main cause include Northeast Kingdom Council on Aging ($3.3m), Women Aware Inc ($3.3m) and Cape Fear Valley Medical Foundation Inc ($3.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 88% and program service revenue 2.5% of the total. Compensation of current officers, directors and key employees was $160k (4.8% of expenses). Other salaries and wages came to $764k. At year end it held assets of $8.9m against liabilities of $1.2m, net assets of $7.7m. It reported 11 employees.